Refinancing completeDebt is now officially refinanced. Note that the amount saved by this refinancing increased since it was first annonced going from 49 millions to 55 millions. Note that this can be explained by the increase in the long term debt in euro since march as the US dollar devalued. Not a good idea to have a long term debt in euros when one's opersation is mostly USD. Of course, they did not have a choice when they refinanced in 2016-2017 as financing options were quite limited.
Anyway, this is now history, they will now have to work on deleveraging. If this cycle is similar to last ones, they should be able to generate a lot of cash in the next quarter. As the downturn was so vicious and lasted for so long, I have hopes that the rebound will be much higher than one could anticipate,
GLTA